Deal Reached On Tax-Free Disability Savings Accounts
By Michelle Diament Federal lawmakers say they’ve reached a deal to move forward on legislation that would establish a new way for people with disabilities to save money without jeopardizing their government benefits. Members of the U.S. Senate said Friday that they have an agreement that will allow the Achieving a Better Life Experience, or ABLE, Act to proceed. People with disabilities would be able to save money in a new type of account without risking eligibility for needed government benefits under a plan making its way through Congress. The bill’s chief sponsors and leaders of the Senate’s Committee on Finance said in a joint statement that they expect the legislation to be considered when Congress returns to Washington in November. “We are committed to working with our House colleagues to ensure this legislation will be passed in a bipartisan, bicameral manner and sent to the president’s desk in the lame duck session,” read the statement from Sen. Ron Wyd